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Wednesday, April 25, 2007

BTJ

Big move up on earnings today, bumping up against resistance around 39.90. A short "W" formation gave us a base for a mobe up. earnings were the catalyst. This should continue (beware of profit taking tomorrow, though). Look for a breakout above 40.00 on good volume. The float on this is 5 million shares, so it moves fast. This is the type of stock I like trading the most, low float and fast growing earnings. Just be prepared for volatility.

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